Imbalance - smart money power
🔶What it is ?
Imbalance indicator that is a tool to help you to define imblance/Fair Value Gap area better to know whether smart money joined current market atomatically.
This indicator will measure the gap between every 3 candles to know to show which candles having Imbalance among them. They will be marked by diffirent colors compare with original colors of chart.
Our purpose is, help traders to define Imbalance area faster and easier by atomation tools and save time during analyzation.
What is Imbalance in detail ?
To help you to undertand better about imbalance definitiion, please refer to below picture :
We're having 3 candles as I marked number 1,2,3.
Candle 2 is a very big marubozu candle, it made a gap between the first candle's high
and the 3rd candle low on the chart. That gap we call as imbalance and it show that smart money join to buying direction now.
🔶 Who can use it ?
1. All traders who are using NCI, ICT , Smart money concepts, MACD system and other systems...
2. All traders who are trading on any timeframe
3. All traders who are trading on Forex, Crypto, Stock, Indicies...
4. All traders who are new or experienced traders
5. All traders who are swing or scalping traders
🔶 The purpose of indicator
1. Define big money flow when it joined to market.
2. Define power of zones with Imbalance. Which zones have imbalnce that's normally a strong zone to entry and set a safety stop-loss.
3. Helping to decide trading system faster, if you see IMB appeared, it is better to use Smart money concepts.
4. Always "Empty your mind" during Trading because you checked chart less with automation tool.
🔶 How will indicator appear on chart
After you added it on chart, indicator will mearsure and calculate the gaps among three candles. If there're a gap among them, indicator will change the color of those candles.
Please refer to below picture for more detail
We're having 2 types of color as green and red.
With Imabalanec candles, it will be shown as :
1. Aqua color : Up Imbalance
2. Yellow color : Down imbalance
We just focus on candle (2) and (3) so indicator will mark color on these 2 candles only.
🔶 INPUT value
You can change color of imbalance candles from orginal color (aqua, yellow) to any color you want by go to SETTING and change it on STYLE.
🔶 How to use indicator
After setting indicator, indicator will mearsure and run automatically to mark imbalance candles on your chart.
That's signal of smart money concepts, you can start your analyzation with your trading system that are using imbalance.
I hope this indicator help you to trade more effectively.
Imbalance indicator that is a tool to help you to define imblance/Fair Value Gap area better to know whether smart money joined current market atomatically.
This indicator will measure the gap between every 3 candles to know to show which candles having Imbalance among them. They will be marked by diffirent colors compare with original colors of chart.
Our purpose is, help traders to define Imbalance area faster and easier by atomation tools and save time during analyzation.
What is Imbalance in detail ?
To help you to undertand better about imbalance definitiion, please refer to below picture :
Candle 2 is a very big marubozu candle, it made a gap between the first candle's high
and the 3rd candle low on the chart. That gap we call as imbalance and it show that smart money join to buying direction now.
🔶 Who can use it ?
1. All traders who are using NCI, ICT , Smart money concepts, MACD system and other systems...
2. All traders who are trading on any timeframe
3. All traders who are trading on Forex, Crypto, Stock, Indicies...
4. All traders who are new or experienced traders
5. All traders who are swing or scalping traders
🔶 The purpose of indicator
1. Define big money flow when it joined to market.
2. Define power of zones with Imbalance. Which zones have imbalnce that's normally a strong zone to entry and set a safety stop-loss.
3. Helping to decide trading system faster, if you see IMB appeared, it is better to use Smart money concepts.
4. Always "Empty your mind" during Trading because you checked chart less with automation tool.
🔶 How will indicator appear on chart
After you added it on chart, indicator will mearsure and calculate the gaps among three candles. If there're a gap among them, indicator will change the color of those candles.
Please refer to below picture for more detail
With Imabalanec candles, it will be shown as :
1. Aqua color : Up Imbalance
2. Yellow color : Down imbalance
We just focus on candle (2) and (3) so indicator will mark color on these 2 candles only.
🔶 INPUT value
You can change color of imbalance candles from orginal color (aqua, yellow) to any color you want by go to SETTING and change it on STYLE.
🔶 How to use indicator
After setting indicator, indicator will mearsure and run automatically to mark imbalance candles on your chart.
That's signal of smart money concepts, you can start your analyzation with your trading system that are using imbalance.
I hope this indicator help you to trade more effectively.
版本注释:
🔶 Add more setting ALERT
If you prefer to receive a remind from Indicator than checking Mental status on indicator table
You can set alert by Tradingview with below steps :
1. Click to Alert on top middle of chart (tool bar)
2. At Condition, choose Imbalance - smart money power
3. Click to Create
Alert will help you to monitor power of market easier
If you prefer to receive a remind from Indicator than checking Mental status on indicator table
You can set alert by Tradingview with below steps :
1. Click to Alert on top middle of chart (tool bar)
2. At Condition, choose Imbalance - smart money power
3. Click to Create
Alert will help you to monitor power of market easier
Jayce Pham - Founder & CEO of NCI Trading system